<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time.

This bit is interesting to me, but as has been said, smoke and mirrors abound.

<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time.

This bit is interesting to me, but as has been said, smoke and mirrors abound.

It makes me laugh. It is almost identical to the way Bitcoinica handled there shit. We all know how well that went.

Wow, 10+++ new replies just from the few minutes I took to read that. ;p

Gonna type it out anyhows, in case it wasn't asked yet.

Not being a lawyer, I may be confused on this. But a Default handled through legal channels should only need the fund managers' info, in the case of the 'pass throughs', I would assume.. Being called pass throughs doesn't really change the legal definition of them. Of which I am not clear exactly what the proper term would be.

I am completely baffled that he would need a break down of all the names though. Some of the things he suggests lead me to believe he has fallen under some kind of AML problem. BUT, if that were the case then they would want a lot more info than just the bond holder's 'handle' and BTC address.

He says this;"<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time."

Ahh, the only other thing I can think of is that he has some legal requirement to directly inform every holder of the simple statement, "Bitcoin Savings & Trust has hereby given notice of default to it's account holders."

If so, that's pretty fucking slick willy there.

Anyhows, I can think of a lot of other strange reasons for this configuration. And none of them are good.... :/

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GAIt is being worked on by smart people. -DamienBlack

<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time.

This bit is interesting to me, but as has been said, smoke and mirrors abound.

It makes me laugh. It is almost identical to the way Bitcoinica handled there shit. We all know how well that went.

<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time.

This bit is interesting to me, but as has been said, smoke and mirrors abound.

It makes me laugh. It is almost identical to the way Bitcoinica handled there shit. We all know how well that went.

Wow, 10+++ new replies just from the few minutes I took to read that. ;p

Gonna type it out anyhows, in case it wasn't asked yet.

Not being a lawyer, I may be confused on this. But a Default handled through legal channels should only need the fund managers' info, in the case of the 'pass throughs', I would assume.. Being called pass throughs doesn't really change the legal definition of them. Of which I am not clear exactly what the proper term would be.

I am completely baffled that he would need a break down of all the names though. Some of the things he suggests lead me to believe he has fallen under some kind of AML problem. BUT, if that were the case then they would want a lot more info than just the bond holder's 'handle' and BTC address.

He says this;"<pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.<pirateat40> At his time, all Pirate Pass-Thru operators are required to submit a list of their sub-accounts including; balance, forum / IRC name (or any other way of linking and confirming the account) and Bitcoin withdraw address. Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.<pirateat40> Principal and interest payments are subject to review.<pirateat40> No timeline or further information is available at this time."

Ahh, the only other thing I can think of is that he has some legal requirement to directly inform every holder of the simple statement, "Bitcoin Savings & Trust has hereby given notice of default to it's account holders."

If so, that's pretty fucking slick willy there.

Anyhows, I can think of a lot of other strange reasons for this configuration. And none of them are good.... :/

Pirate may be facing racconteering charges and to lessen his prison term he is working with the feds to get as much info as possible.

Pirate actions are totally dubious here.Technically Goat's bond is a derivative of Pirates investment. Goat is the only investor. That doesn't mean Goat can keep any money from Pirate but the bondholders are creditors of Goat not Pirate. Pirate should pay Goat and then Goat disburses payments to bondholders. My guess is Pirate is using this as a totally lame ass method to reduce his liabilities. He thinks he can negate any debtor who's information he doesn't get before his arbitrary deadline. It also puts Goat between a rock and a hard places. Many of the bondholders will be demanding Goat do what Pirate asks (even if wrong) so they can at least get pennies on the dollar. If Goat resists then he will get blamed.

TL/DR: Pirate isn't just a scammer he is a fucking sociopath. Even in the very end he is willfully fucking over everyone, even the bond issuers.

Crappy situation to be in Goat. It is going to be lose-lose.

yea, thats about the lines I'm thinking as well, D&T..

The only thing I demand Goat do is to seriously contact his lawyer and find out what he needs to file to stop any further shinanegans.

Also, if you need help tracking down any real world info on Trendon, the location or routes of BTC funds, etc etc, hit me up. I've got records inbound now from TX on some things and am available to do further 'research'..

cheers

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GAIt is being worked on by smart people. -DamienBlack

Pirate actions are totally dubious here.Technically Goat's bond is a derivative of Pirates investment. Goat is the only investor. That doesn't mean Goat can keep any money from Pirate but the bondholders are creditors of Goat not Pirate. Pirate should pay Goat and then Goat disburses payments to bondholders. My guess is Pirate is using this as a totally lame ass method to reduce his liabilities. He thinks he can negate any debtor who's information he doesn't get before his arbitrary deadline. It also puts Goat between a rock and a hard places. Many of the bondholders will be demanding Goat do what Pirate asks (even if wrong) so they can at least get pennies on the dollar. If Goat resists then he will get blamed.

TL/DR: Pirate isn't just a scammer he is a fucking sociopath. Even in the very end he is willfully fucking over everyone, even the bond issuers.

Crappy situation to be in Goat. It is going to be lose-lose.

yea, thats about the lines I'm thinking as well, D&T..

The only thing I demand Goat do is to seriously contact his lawyer and find out what he needs to file to stop any further shinanegans.

Also, if you need help tracking down any real world info on Trendon, the location or routes of BTC funds, etc etc, hit me up. I've got records inbound now from TX on some things and am available to do further 'research'..

cheers

Time to get that crazy statistical software that was used months back by University researchers to prove BTC is not so anonymous.

It doesn't work that way, at least not in the US. You can only file a PETITION for bankruptcy and only a judge can discharge your debts. An open lawsuit it going to stay the discharge.Now maybe Pirate thinks it works this way or maybe he is just an idiot.

Or maybe he's going into voluntary administration. That would fit with the facts as presented in IRC.

It doesn't work that way, at least not in the US. You can only file a PETITION for bankruptcy and only a judge can discharge your debts. An open lawsuit it going to stay the discharge.Now maybe Pirate thinks it works this way or maybe he is just an idiot.

Or maybe he's going into voluntary administration. That would fit with the facts as presented in IRC.

hmm, another interesting angle.

I propose though, in order for him to file any thing. Would he not have to first prove him or his business was responsible to a debt?

The whole thing has me steemed and I was sketched enough to stay out of it. :/ On that note, going to go clear me head. ;p

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GAIt is being worked on by smart people. -DamienBlack

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GAIt is being worked on by smart people. -DamienBlack

The above is why I thought he was a real world Loan Shark and Shady Realestate proprietor/foreclosure/house-flipper type.

With THAT in mind, his 'business' could have worked. I obviously had myself TOO convinced.

Where did this msg here orginate from;"Marlene,Please send your professional resume to career@tlpoffice.com. Be sure to include the type of position you're interested in and salary requirements.Thanks,Trendon ShaversDirector"

sorry to hear that. :/ Just proof that NO ONE is immune to miscalculating a character judgement.

I'd still like to validate that the above is the correct Trendon. Ima take a break. If you have other info please PM it to me. thanks.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GAIt is being worked on by smart people. -DamienBlack

Wrd, on top of that I don't understand why bonds are ”tricky”. Just pay out the security issuer (Goat) and let him divvy it up from there. The only reason why it would be ”tricky” is if he (or whoever its using him aa sock puppet) wanted to ID all the bond holders. I wonder why he would want to do that?